Respuesta :

Answer:

A= $3345.85

Step-by-step explanation:

Hello, thanks for leaving your question here at Brainly, I think I can help you with this.

to solve this you need to know the compound interest formula.

[tex]A=P(1+\frac{r}{n} )^{nt}[/tex]

where

A=Amount(future value)

P=principal

r=interest rate(decimal)

n=number of times interest is compounded per unit "t"

usually the value of interests given corresponds to annual interests, and the time unit is a year

Step 1

define and put the values into the equation

A=?

P=$500

I=r=0.079

N=n=1

t=25[tex]A=P(1+\frac{r}{n} )^{nt}\\A=500(1+\frac{0.079}{1} )^{1*25}\\A=500(1+0.079 )^{25}\\A=500(1.079 )^{25}\\A=500(6.69)\\A=3345.85[/tex]

A= $3345.85

I hope it helps, Have a great day.

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